Philip Master Equity Growth Fund relaunched

Philip Mutual Bhd (PMB) has relaunched its Philip Master Equity Growth Fund (PMEGF), amid improving investors’ sentiment and optimism in the recovery of the global economy.

In a press release yesterday, it said the fund, which was first launched in 2003, would have a refined investment strategy where its portfolio would comprise three components: core stocks, high-growth stocks and trading stocks.

Currently, PMEGF is managed by Philip Capital Management Sdn Bhd chief investment officer Ang Kok Heng. Philip Capital Management and Philip Mutual is the local unit of Singapore-based Philip Capital Group.

AmIslamic Fund Management declares distribution for 2 funds

AmIslamic Fund Management Bhd has declared income distribution of 1.5 cents per unit and 1.5 cents per unit, for AmIttikal and AmBon Islam funds for the financial year ended September 2009.

AmIslamic also declared interim distribution of 2 cents per unit for AmBond fund.

Asset Allocation - End of September

Portfolio review has been missing for a few months. This is a deliberate decision from myself due to lack of investments for these few months. As witnessed, stock markets around the world have rocketed since the lows in mid March until end of September. Some of the most encouraging returns came from Asia Pacific ex Japan and emerging markets.

During the month of September, I've taken profit for some of the funds in my portfolio,  added Hong Leong Global Bond Fund into my stable of funds, and bought extra units in OSK-UOB Cash Management fund. In this review period, I've sold of some units from my Hwang-DBS Global Emerging Markets Fund (HGEMF) and Hong Leong Global Value Fund as well as took profit from OSK-UOB KLCI Tracker and Pheim Income Fund. The star performers during this month are HGEMFand Public Smallcap which have generated returns of 8.4% and 4.6% respectively.